New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-02
GARRETTS BIG PROPERTY
THE STREET THINKS IT Is BREAKING UP.


.uv EMITTED STATES COMPANY IN CHARGE or THE
AND O. ExPREss-MR GOUID's OPINIONS.
The United States Express Company entered upon
control of the express business OF the Baltimore and
Oh,o Railroad Yesterday. No changes in the methods
or official management aside from TINS were MADE
The announcement of the sale gave rise TO many
MINORS about the telegraph and railroad properties
II was believed TO be the beginning OF the end and
rumors that the Baltimore aad Ohio telegraph lines
had already passed into the hands OF the Western
Union and the railroad property into those oil the
Pennsylvania Rairosd were numerous aud confident
The denisls of persons who should be familiar WIN
matters OF that kind regarded in Wall street rs
decepye OF at least evasve ind at thc close OF bus
pess at the Stock Exchange there was apparently no
one rash enough to doubt that tho great baiu"oD
ana Ohio deal had been practically aceo nPIsueo
Mr.. Gould and other officers of the western Union
Teleprauh Company declared that there were no
negotiations going on with the opposition companies
and President Plat, OF the United States Express
f,awrarv said that tie purchase OF the express prop
erv and franchise entirely independent OF otnfr
possible neg o'ias.ons IL Was pointed out as
on the that the sale OF the ext ress business
20 the United States rather than the Adams company
vouN not have been announced separately II the
Railroad had any interest 10 the reported
deal.
Tbs Commercial Cabi. Company gave the expected
notice OF reduction iu tolls to the IL cent rate OF
the pool line, on September 10, but the theory was
amskly advanced that this was intended merely to
Svoid responsibility previous agreements and That
a soon 80 the promises to the papJ Customers
had been fairly fulf.led general advance IN rates
would be announced. The proposed redncuon was
regarded, In tact. another sign OF peace.
One story printed yesterday was that the three
prineioal express companies would be united IN tho
aha Do of express company trust ffesideni fis't
of the United states company said: This suggestion
10 pure rot Nothing oil the kind rs couteuI lated.
Our purchase OF the Baltimore and Ohio express was
MADE on our o. responsibility and tor our own ben
EFT. The statement that Mr.. Gould insugstea Toe
trade is equally false. Mn Gould has DO interest," IN
this company, and purchase vas az much eur
PRISE to bin probably as it evidently was TO john
Hoey, of the Adams company. do mol thihk tnst
Mr. Hoey's remarks published this morning require
an reply IRON me- His statement that the Baltimore
auS Ohio express had been refus by his comps ny a.
1900 OlC is false The fact 10 that che baltimore and
Ohio Railroad not willing to sell its express bns
ness to the Adams because II had had an expensive
experience with it 1t was proved then that the re-
latons of the Adams company with the pennsylvania
Railroad were sueh that its service was an INJURY
rather than benefit"
John Hoey, vice president of the Adams Express
Company. was still more emphatic in scouting the
suec esiion ef an exuess trust There has been an
agreement between and the United states and the
American companies that neither one should invade
Al rritory of tho others In buy ing the Bsltu ore
and Ohio express business the United States enters
territory that We Claim There may not De any con,
Aict at once but sm not that the change will
mot result in an express and. II It does, am
positive that the Adams will not be left IL is true
that We could have bought the Baltimore aud OHIO
expre~s for less than $500 900 and that We refused
it. The plapt did not cost over nth oil that sum.
and why should We pay the festi am curious 10 see
vbat the United States ~ill do with its purchase.
The lines end, believe at Baltimore and Phiade-
pbia and the United STATS ~ill have TO carry the
Kew-York business over our limos
A person associated with the A lams company srg-
re,tcd that If BY any possibility there should be
foreclosure of the Baltimore and Ohio Railroad within
thirty years the United States company wonid lose
the purchase money because ii has been decided by
the courts that prepaid express contract does not
survive foreclosure One or two citeu
Af fha damn mn
Among the stories which ornamented the Streets
version OF the Baltimore and Ohio express Transaction
was one to the eject that officers OF he baltimore and
Ohio Telegraph Company we're III conference with the
officers OF the estern Union Telegraph Company In
the big building at Broadway and Dsy-sI Ut;
Noryn Green saId that none OF the gentlemen had
been in cvnsua alton With him. Jay Gould wac seen
subsequently, by q TRIBUNE reporter with regard to
the subject.
a have not seen any of the Baltimore aud Ohio
people, and the telegraph situation Is unchanged.
I have connection whatever with the transfer oil
the Baltimore and Ohio express to the United states
company and know more about IL thaG what nave
seen IN the uewspapers Yes, have read Mr. hoeys
statement, Lut he is OF the way in saying that
have any interest In the matter. do not own any
Interest in the United States Express Company ana
have hAd nothing to do with the reported trsnsao-
ton have enough do to look aitsi tae critics
in which l directly interested. The reduction IN
rates BY the Comnierc al Cable Company Well, IT.
a good thing and il surprising that u was not made
sooner Ii viii haze ehect at all upon our policy
We are satisfied with the result Of the low cable
rates. IN measure III ts An EXPERIMENT. W. nccu
smother year TO see IL the public will resioad to IT,
II the business increases sufficiently, expect II
WILL there will be trouble about the rates These
opposition lines are rather inclined 70 look upon
~ good things Mr. Msckay told me that Re hac to
nav out $4,000 q month for the Postal Telegraph
Company. Now, the Baltimore and Ohio is said TO
have a big surplus. and would Jus, soon has re
wealthy men or corporations carry thcss lines as do
% ourselyes Tue Western Union is dong the largest
business it ever has known On Monday the messages
handled hers in the main building amounted 10
lO5 OOO the largest day in history. No. ve ere
sssi.hea with the situation and do not want other
lines"
statement sent out over one OF the news agencies
tapes late yes"dsy asserted that the Baltimore and
Ohio Sleeping Car Company had teen sold to To.
Pullman Palace Car Company. All Of the details
we're said to be arranged. Secretary Smith OF the
Pullman company said that the purchase bad Hot
been made and he not OF any negotiation.
hooking to that end. 81 would be apt to hear OF
them too If sny were going on," added Mr.. Smith.